Coventry BS to buy Co-op Bank for £780m - Mortgage Solutions
May 24, 2024 · The cash needed to acquire The Co-op Bank will be funded from Coventry Building Society’s existing cash resources at completion. ‘A transformational moment for members and customers’. The acquisition is subject to regulatory approval and is expected to complete early next year. Of the cash consideration, up to £125m will be deferred for ...
Halifax reduces rates by 0.45 per cent - Mortgage Solutions
Jan 10, 2024 · Halifax has lowered two and five-year fixed rates for homebuyers and movers by up to 0.45 per cent, bringing some deals under five per cent. Its two-year fixed rate at 60 per cent loan to value (LTV) has fallen from 4.62 per cent to 4.29 per cent. At 80 per cent LTV, the cut is from five per cent to 4.57 per cent and at 85 per cent the fall is ...
Mortgage Solutions
Catering to the lifeblood of the housing market and helping people into homeownership. Keep up on top of all crucial first-time buyer updates on policy, regulation, products and criteria here. News. First-time buyers in 31% of councils will see stamp duty bills rise.
Mortgage Intelligence collaborates with Mortgage ... - Mortgage …
Apr 26, 2022 · Mortgage Intelligence has teamed up with fintech firm Mortgage Brain to create cloud-based sourcing system, Sourcing Brain. This is an updated version of the existing Mortgage Brain Anywhere and will include features such as enhanced search filters, increased speed and usability and, access to Hometrack’s recently launched automated valuation ...
Everything you need to know about swap rates…but were afraid to …
Oct 7, 2022 · As swap rates are based on assumptions of what interest rates will be, if they are expected to rise then swap rate changes would continue. Harris explained: “Market anticipation is that the base rate will have to move faster, higher and for longer.”. “The Bank of England is expected to further increase the base rate again in November when ...
Barclays slashes mortgage rates by up to 0.43 per cent
Dec 19, 2023 · High street lender Barclays will lower mortgage rates by up to 0.43 per cent across its residential, buy-to-let purchase and remortgage ranges along with its reward ranges. The lender said that it had reviewed its offering against “market funding conditions” and the changes to its mortgage rates come into effect from tomorrow.
Selina Finance obtains funding and cuts rates - Mortgage Solutions
Feb 22, 2024 · Specialist lender Selina Finance has secured two new funding lines with Vanquis Bank and Waterfall Asset Management (WAM). The lender said this would allow it to potentially launch new product types and would boost its lending capacity. Wider strategy changes. As well as the new funding facilities, the lender has appointed Harriet Merriman as ...
Metro Bank widens JBSP criteria - Mortgage Solutions
Feb 21, 2024 · Metro Bank’s JBSP goes up to a maximum loan to value (LTV) of 95 per cent and can accept up to four named applicants on the mortgage. A maximum of two households are allowed, including the security property household on completions. Charles Morley, director of mortgage distribution at Metro Bank, said: “JBSP mortgages have long allowed ...
Barclays cuts residential and buy-to-let mortgage rates
Jul 4, 2024 · Barclays has reduced mortgage rates across its residential and buy-to-let (BTL) deals, the second round of pricing cuts in as many weeks. For existing borrowers, its premier purchase five-year fixed mortgage at 60% loan to value (LTV) with an £899 fee has been lowered from 4.25% to 4.22%. The loan size for this product ranges from £5,000 to £2m.
Virgin Money launches exclusive remortgage deals and lowers rates
Jul 30, 2024 · Virgin Money is adding exclusive remortgage five-year fixed rates with free valuations and legals starting from 4.25%. At 60% LTV, the £995 fee deal is 4.25% and its fee-free version is 4.35%. This goes up to 4.39% for a 70% LTV for the £995 fee version, and the fee-free offer is 4.56%. Sponsored.